Sony Music is up: company reports $1.8 billion increase in quarterly revenue Sony Music reported a 54% increase in revenue for recorded music, showing $1.82 billion in their first-quarter earnings. Related Posts: The Black Music Action Coalition publishes first annual report Premiere: Tracy Young remixes MFSB’s legendary melody from ‘T.S.O.P. (The Sound of Philadelphia)’
US recorded music revenue grew 9.2% in 2020, eclipses $12 billion The RIAA reports music streaming is far and away the largest driver of the recorded music industry's steady growth. Related Posts: Mac Miller’s ‘Faces’ mixtape hits streaming services for the first time ARC Music Festival shares live sets from TSHA, Camelphat, Channel Tres, and more via Apple Music
Spotify announces 22% increase in revenue during Q1 of 2020, 130 million subscribers Revenue up, ad sales down. Related Posts: Mac Miller’s ‘Faces’ mixtape hits streaming services for the first time ARC Music Festival shares live sets from TSHA, Camelphat, Channel Tres, and more via Apple Music
SoundCloud exceeds $200 million in annual revenue for the first time SoundCloud has doubled its annual gross revenue over two years to $200 million. Related Posts: Sony Music is up: company reports $1.8 billion increase in quarterly revenue Spotify launches Loud & Clear to increase transparency around artist royalties
U.S. music industry postures to make over $10 billion in revenue in 2019 This year the music industry is expected to breach $10 billion for the first time since 2007, according to a mid-year revenue report from… Related Posts: Sony Music is up: company reports $1.8 billion increase in quarterly revenue Global electronic music industry tumbles 54% in value, hits 10 year low in wake of pandemic
Streaming services now account for 75% of music industry revenue Streaming services took home the biggest slice of the record industry pie in 2018, according to a new report from the RIAA. Related Posts: Mac Miller’s ‘Faces’ mixtape hits streaming services for the first time ARC Music Festival shares live sets from TSHA, Camelphat, Channel Tres, and more via Apple Music
The music industry made $43 billion in 2017, but artists only took away 12% of it It's a hard-knock life for musicians, who drive their industry in the first place. Related Posts: Sony Music is up: company reports $1.8 billion increase in quarterly revenue Global electronic music industry tumbles 54% in value, hits 10 year low in wake of pandemic
Spotify now boasts 83 million subscribers, reports second quarter loss New numbers show Spotify's ups and downs since going public earlier this year. Related Posts: Mac Miller’s ‘Faces’ mixtape hits streaming services for the first time ARC Music Festival shares live sets from TSHA, Camelphat, Channel Tres, and more via Apple Music
Bitcoin technology could change the streaming industry forever A handful of new startups aim to apply Bitcoin's blockchain technology to music metadata ensures artists are paid royalties from even unauthorized streams. Related Posts: NFT collectors revealed as buyers of one-of-a-kind Wu-Tang Clan album Claude VonStroke, Harry Romero connect on ‘House Stepper’
SoundCloud’s annual revenue up 43% to nearly $28 million According to data shared with'Digital Music News, SoundCloud's annual revenue is up 43% compared to last year Related Posts: Sony Music is up: company reports $1.8 billion increase in quarterly revenue Spotify launches Loud & Clear to increase transparency around artist royalties
